Investors are closely watching a series of token unlock events set to release a substantial value of assets into circulation, with ImmutableX, 1INCH, and dYdX leading the charge with unlocks totaling $105 million. ImmutableX is set to release 37.49 million IMX tokens, while 1INCH is preparing for an unlock of 81.06 million tokens, and dYdX will unlock assets valued at $24.8 million. Other notable unlocks include SUI, Axelar, Orbler, Skale, Hedera, Vulcan Forged, Aurora, StakeWise, Solend, Santos FC Fan Token, Ondo Finance, Hooked Protocol, Orbs, and Biconomy. These events often bring a mix of anticipation and caution within the crypto market, with investors and traders closely watching their potential impact on individual asset prices and the broader market.

Several major alternative cryptocurrencies, including DYDX, OP, and SUI, experienced significant drops in price ahead of their scheduled token unlocks, which will increase their supply and allow early investors to sell tokens. According to Token.Unlocks and CryptoRank, altcoins are facing almost $650 million worth of supply increases this week. Large unlocking events often lead to price declines due to the increased supply outpacing investor demand for the asset. Bitcoin was down 0.7% during the same period, while the broad-market crypto index CoinDesk Market Index (CMI) declined 1.5%.